PIMCO Closing First ETF Today

March 10, 2014 by  
Filed under Commentary, ETF Deathwatch

Today (3/10/14) is the last day of trading for the PIMCO Broad U.S. Treasury Index ETF (TRSY).  PIMCO launched the ETF on November 1, 2010, but it never caught on with investors despite PIMCO’s success with Treasury mutual funds and some of its actively traded ETFs.  I was skeptical of the offering from the very start and added it to ETF Deathwatch in June 2011.

TRSY had only about $8 million in assets at the time the closure was announced, and it had zero volume on thirteen of the trading days in February.  However, it is not PIMCO’s smallest or least traded ETF.  That honor goes to PIMCO Germany Bond Index ETF (BUND), with less than $4 million in assets and only one day with trades February.

Disclosure covering writer, editor, and publisher:  No positions in any of the securities mentioned.  No positions in any of the companies or ETF sponsors mentioned.  No income, revenue, or other compensation (either directly or indirectly) received from, or on behalf of, any of the companies or ETF sponsors mentioned.


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